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Dec 10, 2012
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china numbers tomorrow. then germany. maybe nothing there. i think everybody wants to fast forward to tuesday. they want to see what happens after operation twist expires. they want to see what bernanke said at 2:00. that's what we're looking at. >> we're always waiting around for something to happen. and if you wait around and climb this wall of worry, right, don't you sometimes miss out? >> i think you're right. and i think that we do expect something here this wednesday. and if we don't get that $45 billion a month program that actually creates money supply, i think you might see a little selloff. but i think it's priced in at this point. so i think we do have a big question mark here. but it may be answered this week. i think that's what traders are focused on. it's a big last three days after a quiet two days this week. >> i want to ask rick about that in a moment. you're in the camp that any deal of the fiscal cliff will be positive for the market at this point. right? >> any type of rhetoric coming out of washington, d.c. has put a bid
china numbers tomorrow. then germany. maybe nothing there. i think everybody wants to fast forward to tuesday. they want to see what happens after operation twist expires. they want to see what bernanke said at 2:00. that's what we're looking at. >> we're always waiting around for something to happen. and if you wait around and climb this wall of worry, right, don't you sometimes miss out? >> i think you're right. and i think that we do expect something here this wednesday. and if...
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Dec 26, 2012
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up next, really fast trains in china. we've decided to great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve.
up next, really fast trains in china. we've decided to great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought...
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Dec 31, 2012
12/12
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china pmi rising to 51.5. and that is a result of manufacturing in china in a year and a half. the shanghai index ended the day about 1.6% higher, highest close since june 20th. it has been a nice run that we've seen also in china to our point before. it's been up 16% since its four-year low in december. >> for the year the index is up 3% right now. for those who missed it, this will be the first annual gain in, i believe, three years' time. this has not been a positive stock market, despite the economy growing 7%, 8%, 9% or so. as the chinese president said this morning, there will be policies put in place to support growth. and whatever nervousness in the transition is going to fade and policymakers can get more involved. >> we've seen this play out in the metal stakes. the best fourth quarter in two years, up 56%. iron ore prices. that's a real lead on demand. and especially as the chinese government makes all these nods toward urbanization plans and the need to update and invest in infrastructure. these are the areas where you want to be. >> yeah. also ties into what clearl
china pmi rising to 51.5. and that is a result of manufacturing in china in a year and a half. the shanghai index ended the day about 1.6% higher, highest close since june 20th. it has been a nice run that we've seen also in china to our point before. it's been up 16% since its four-year low in december. >> for the year the index is up 3% right now. for those who missed it, this will be the first annual gain in, i believe, three years' time. this has not been a positive stock market,...
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Dec 26, 2012
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industrial metals that got a boost as we saw rallies in asia on hopes that maybe this new regime in china is going to be spending more helping to prop up the property department there, housing, than might mean more demand for industrial metals. copper today, the standout in part because of that. also, a different note, the s.e.c. ahead of the holiday delayed a decision on the proposed etf, according to the "wall street journal," the etf would hold twice as much copper in terms of holdings compared to the jpmorgan holding approved on december 14th. >> i think 182,000 physical tons they could take off the market. we'll revisit it later. for a moment, thank you. bob pisani is joining me on the floor of the nyse. the big discussion is about retail and what the figures from mastercard tell us. >> i just want to point out that the dow industrials dropped in the middle of the day. there had been some concern the house leadership which is all coming back now did not send out a 48-hour notice to their membership requiring all the members to show up and vote, even though there's no fiscal cliff dea
industrial metals that got a boost as we saw rallies in asia on hopes that maybe this new regime in china is going to be spending more helping to prop up the property department there, housing, than might mean more demand for industrial metals. copper today, the standout in part because of that. also, a different note, the s.e.c. ahead of the holiday delayed a decision on the proposed etf, according to the "wall street journal," the etf would hold twice as much copper in terms of...
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Dec 27, 2012
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in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you've had the big conglomerates vogue down their rate and new store openings. watch profitability for luxury companies in 2013. >> okay. r.j., break it down. who do you like for next year? >> in addition to costco and amazon, i like some of the late cycle discretionary plays especially when we see the housing market improve, names like william sonoma and home depot, names that did a great job investing in the supply change, a name like american eagle stands out in that regard. those are probably our top picks heading into 2013. >> jay, what would you avoid? >> anything that's a commoditized retailer. you'll get killed by amazon and other low-cost providers, names like best buy, barnes & noble, any of the office guys. i think most of those names are dead in the water right now and definitely names to avoid at this point. >> dana, any names we missed from you? >> i think you got the names. the key thing for 2013, we need the stability, and we need some de
in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you've had the big conglomerates vogue down their rate and new store openings. watch profitability for luxury companies in 2013. >> okay. r.j., break it down. who do you like for next year? >> in addition to costco and amazon, i like some of the late cycle discretionary plays especially when we see the housing market improve, names like...
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Dec 21, 2012
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china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud play and the use of it in the competition here, is that one of the key names? >> yes, it allows you to manage cloud in a cheap -- an anti-microsoft business. their partner is sales force.com. i'm really using these as tells. in other words, these are the ones where there's natural buyers. as we just found out how good things are. it wasn't like we found out a month ago. we just found out last night. if they have resilience, the market is going to be more resilient than people think. if they give up the ghost, i think next week's going to be difficult,
china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud...
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Dec 20, 2012
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do they have carried interest thing in china? >> all carried interest. >> the whole country is carried interest. >> all state-owned enterprise carried interest. >> retail, jim, is among the laggards today. bed bath the worst performer. mentioned that earlier. kohl's, macy's, target, penne, game stop, nordstrom. des started off a little soft. if claims spike up a bit, maybe the month doesn't end the way some people wish it had. >> gift cliff, way too warm, natural gas, what was the statistic you gave, an anti-retail statistic. >> about new york city? >> yeah. >> 2012 on track to be the warmest on record. average temp, i think 57. 57 degrees. >> i don't wear north face when it is 57. >> our ugg boots. >> i think north face -- >> i don't wear ugg boots in any season. >> but do you have a combination of sandy taking out a lot of november, warm weather, what i call the gift cliff, falling off the gift cliff. we need some cold weather between now and next week. just -- >> coat sales? >> no, because clothing sales, remember if you are a
do they have carried interest thing in china? >> all carried interest. >> the whole country is carried interest. >> all state-owned enterprise carried interest. >> retail, jim, is among the laggards today. bed bath the worst performer. mentioned that earlier. kohl's, macy's, target, penne, game stop, nordstrom. des started off a little soft. if claims spike up a bit, maybe the month doesn't end the way some people wish it had. >> gift cliff, way too warm, natural...
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Dec 21, 2012
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china ma and japan. and i think you can start to nibble a little on china and japan, as well. >> michael, is there an argument to be made that you don't want to touch stocks right now until you have some clarity on this fiscal cliff? just in case we see a big sell-off? >> there is, but i'll argue, too, that you're talking about $600 billion being sucked out of the economy next year. the s&p made $20 trillion. while we are looking at the fiscal cliff countdown, there is another countdown to new all-year highs when the dow is close to the prior peak around 600% from here. investors should be looking overseas. you want to look where there is no fiscal cliff equivalent, primarily in emerging markets. but nonpartisan analysts have pointed out that if we go over the cliff and take that $600 billion with it, we go back to recession. how do you justify going into stocks and going into all-time highs if we go back to recession? >> that assumes all else being equal, the problem is you look at europe, it's recoveri
china ma and japan. and i think you can start to nibble a little on china and japan, as well. >> michael, is there an argument to be made that you don't want to touch stocks right now until you have some clarity on this fiscal cliff? just in case we see a big sell-off? >> there is, but i'll argue, too, that you're talking about $600 billion being sucked out of the economy next year. the s&p made $20 trillion. while we are looking at the fiscal cliff countdown, there is another...
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Dec 6, 2012
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the next 50 years we are adding 3 billion new consumers, china, india, brazil. let's add i understondonesia to. 3 billion consumers growing in the consumption trends. the growth that will come in front of us in the next 50 years have nothing to do with what has been achieved in the last 50 years. the only difference is that it will be done in those new markets, one, and the specificity of those markets, young people, loving brands, loving sports and becoming rich much sooner compared with what we've been enjoying in other markets. that means attractiveness towards luxury brands starts much sooner in those new markets. >> my thanks to the ceo of ppr. >>> tomorrow morning's key jobs report could move your money even before the opening bell rings. we have our panel of wall street's top market pros giving you a leg up on the ore side of this break. stay with us. we're back in a moment on "the closing bell." americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first
the next 50 years we are adding 3 billion new consumers, china, india, brazil. let's add i understondonesia to. 3 billion consumers growing in the consumption trends. the growth that will come in front of us in the next 50 years have nothing to do with what has been achieved in the last 50 years. the only difference is that it will be done in those new markets, one, and the specificity of those markets, young people, loving brands, loving sports and becoming rich much sooner compared with what...
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Dec 7, 2012
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brands got annihilated based on some bad news out of china. it seems it
brands got annihilated based on some bad news out of china. it seems it
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Dec 19, 2012
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china coming back. gm rationalizing europe. >> gm europe, when you say a couple quarters behind ford, are you saying progress in the quarterly financials? >> committed to rationalizing europe. >> again, a larger theme of excess capitalization at u.s. corporations, and the fact that so much money is sitting on balance sheets doing nothing. >> did you read oracle? how much money do they have. they bought back 10 billion worth of stock. these companies, you read through their stories, and you say, not only did they not extend themselves during this downturn, they conserved a lot of cash. by the way, humans did, too, in america. have you seen the numbers that the federal reserve put out last night about how much money is being -- how little debt is being taken down by citizens. we're back to levels of the '90s. federal household debt service came out last night. the percentage of disposable income is 14%, down to 10%. that's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from over
china coming back. gm rationalizing europe. >> gm europe, when you say a couple quarters behind ford, are you saying progress in the quarterly financials? >> committed to rationalizing europe. >> again, a larger theme of excess capitalization at u.s. corporations, and the fact that so much money is sitting on balance sheets doing nothing. >> did you read oracle? how much money do they have. they bought back 10 billion worth of stock. these companies, you read through...
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Dec 26, 2012
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government is put on a negative watch by china? by china? the credit rating agency in china put them on the u.s. government debt on a negative rating at this point. negative watch. this, of course, was supposedly independent rating agency created in china to try to rival moody's and s&p and fitch's. that's getting interesting play out there. their independence, of course, greatly in question. guys, back to you. >> bob, get a lozenge, will you? >> sorry about that. >> let's head to the pits. good morning, rick. >> good morning, melissa lee. well, no surprise we're still hovering in the 170s in the ten-year. but maybe something interesting. you know, on the floor we call it the growth dividend. if you look at a chart for our ten-year starting on july 26th, and i pick july 26th because that was mario draghi's big day. he said anything it takes. as you look at our rates over that period, then look at the boon rates over that period. you can see that the growth/disparity, our yields are higher in that formation than boon yields, because even thou
government is put on a negative watch by china? by china? the credit rating agency in china put them on the u.s. government debt on a negative rating at this point. negative watch. this, of course, was supposedly independent rating agency created in china to try to rival moody's and s&p and fitch's. that's getting interesting play out there. their independence, of course, greatly in question. guys, back to you. >> bob, get a lozenge, will you? >> sorry about that. >> let's...
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Dec 13, 2012
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and they have a fast-growing chain in china. so for all its problems, i do believe that schulze believes that there is things that they can do to save the company and not only save it but make it prosperous. >> just before we let you go, do you have any appreciation as to what might be an acceptable offer? i mean, are there figures being bandied around from the other side? >> yeah. we've heard that best buy would be comfortable with $20 a share. now, whether or not they get that or not, i don't know. but i think it's interesting that the buzz is out there that the company would be open to $20 a share. you certainly would have heard that just a few months ago when this whole process started. >> thomas, congratulations on your exclusive. it's good to see you. thomas lee from "the minneapolis star-tribune." thank you. >> thank you. >>> speaker boehner coming out just moments ago saying the president needs to step up in the fiscal cliff negotiations. the democratic leadership is preparing to respond. we will bring you comments from
and they have a fast-growing chain in china. so for all its problems, i do believe that schulze believes that there is things that they can do to save the company and not only save it but make it prosperous. >> just before we let you go, do you have any appreciation as to what might be an acceptable offer? i mean, are there figures being bandied around from the other side? >> yeah. we've heard that best buy would be comfortable with $20 a share. now, whether or not they get that or...
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Dec 13, 2012
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china, hard landing, so you've got worries about that so that's less downside. >> the dividend payers everybody was rushing, to you're going even beyond that to riskier assets in the stock market. >> going into cyclicals, some of which have been beaten down. these are the kinds of things. i think, now, the fiscal cliff saanich u, no question about it. we are going to get fiscal tightening one way or the other. what we're assuming is this is such a lose-lose proposition for both sides. if they actually let this thing, not gust get through december 31st and do nothing about it. think about it. can president obama get anything done until he gets something, no? >> all the cuts that happened as a result of the fiscal cliff, all over the place. let's cut hundreds of billions in defense. it doesn't indicate what missions are going to be no longer what, programs we're going to kim. i mean, we really have to be stupid to be doing that. >> so irresponsible. >> not knowing where the cuts are hitting. >> right. >> for the security of this country. >> i agree. >> so, therefore, you're going to get
china, hard landing, so you've got worries about that so that's less downside. >> the dividend payers everybody was rushing, to you're going even beyond that to riskier assets in the stock market. >> going into cyclicals, some of which have been beaten down. these are the kinds of things. i think, now, the fiscal cliff saanich u, no question about it. we are going to get fiscal tightening one way or the other. what we're assuming is this is such a lose-lose proposition for both...
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Dec 14, 2012
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and china, they played hard ball in china. anybody who has played hardball in china has not succeeded. like google. first amendment, you know, tiananmen square. what's the first amendment in china, i don't think it's free speech. >> i don't think so. >> interstate commerce is as powerful as anything. >> tear down a neighborhood at any moment. >> another $156 million shares eligible for social, the social network rallied after last month's expiration and shares up 25% since the middle of november. november 14th, we went into it thinking we'd get hurt. it ended up 12.6% that day, up 250. >> it did decline prior to that, in anticipation of the expiration. >> after a big run. it's got to digest. again, this is an interest per share situation. things are done at facebook that would justify the stock going higher. the short base was gigantic. do you sense a big run? >> i think the dynamic did change after the last quarter. and the discussion you talked about, we talked about it a great deal, what the trends really appeared to be in
and china, they played hard ball in china. anybody who has played hardball in china has not succeeded. like google. first amendment, you know, tiananmen square. what's the first amendment in china, i don't think it's free speech. >> i don't think so. >> interstate commerce is as powerful as anything. >> tear down a neighborhood at any moment. >> another $156 million shares eligible for social, the social network rallied after last month's expiration and shares up 25%...
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Dec 21, 2012
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i want to bring it to your attention, the issue is the fact that the food and safety authorities in china were testing chicken that was supplied to cfc restaurants for excessive antibiotics there. the finding by the shanghai food and drug administration is, of course, a blow to kfc's reputation in china. they are already experiencing a lot of competition there. the update on this story is that yum has since issued a statement saying that they are cooperating with the government's review of these two poultry suppliers, and as such they do not anticipate to see a shortage of product supply. as you can see from the chart, we were down about 4% from yum. >> all right, thank you so much. we are waiting on president obama's statement on the state of negotiations in washington. the president is meeting right now with majority leader harry reid. they're meeting now, and at 5:00 p.m. eastern we are told the president will make a statement, which we will carry live for you right here on cnbc. keep it here as we take you live to the white house with the president. coming up, my observation on what t
i want to bring it to your attention, the issue is the fact that the food and safety authorities in china were testing chicken that was supplied to cfc restaurants for excessive antibiotics there. the finding by the shanghai food and drug administration is, of course, a blow to kfc's reputation in china. they are already experiencing a lot of competition there. the update on this story is that yum has since issued a statement saying that they are cooperating with the government's review of...
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Dec 19, 2012
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because i think that the analogy i made in terms of china, everybody is mad at china for selling our movies and music, but yet for an individual, you don't have that kind of right. you own the picture, you took it. >> intellectual property. >> facebook owns instagram. do you think this was a shocker? >> i know those guys, they're really intelligent, they typically try to do things the right way and this one apparently got a little away from them. >> we were talking for a long time, we have been talking for a lock time about retailers going out of business bought of dot comes. what's new here? >> the share of retail done by the online players just keeps expanding in the key categories. basically everything other than what you consume, grocery and drug, is the online guys are getting more and more share. the retail pie is only so big. online guys extend their share of the pie, the part left for the physical guys, it shrinks and they've got such high fixed cost structures that they can't survive that. and so, the logical implication for a lot of these really historically successful reta
because i think that the analogy i made in terms of china, everybody is mad at china for selling our movies and music, but yet for an individual, you don't have that kind of right. you own the picture, you took it. >> intellectual property. >> facebook owns instagram. do you think this was a shocker? >> i know those guys, they're really intelligent, they typically try to do things the right way and this one apparently got a little away from them. >> we were talking for a...
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Dec 14, 2012
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that's not necessarily a bad thing when it hits for china markets. in all likelihood you'll see a rally. >> if you don't want emerging market debt, you can buy this and get the exposure? >> that's absolutely correct. you don't have the same accounting concerns. you buy multi-national u.s. global companies with better accounting control. >> michael, thank you very much. >>> gold prices are on the down side for this week. it's been kind of a brutal week for the precious metals. final floor trades in metals being made right now. live coverage of the close is coming up on "power." >> announcer: cnbc program is sponsored by mercedes benz. ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to
that's not necessarily a bad thing when it hits for china markets. in all likelihood you'll see a rally. >> if you don't want emerging market debt, you can buy this and get the exposure? >> that's absolutely correct. you don't have the same accounting concerns. you buy multi-national u.s. global companies with better accounting control. >> michael, thank you very much. >>> gold prices are on the down side for this week. it's been kind of a brutal week for the precious...
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Dec 31, 2012
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but strong data out of china on manufacturing. we have a 5% gain year to date in copper. copper higher but logging losses for the year. platinum losing more than 10%. simon, back to you. >> thank you, jackie. behind the headlines we are doing very well at nasdaq. out performance there own likes of apple seema mody, up 3.5%. >> absolutely. apple shares definitely helping nasdaq given the fluidity of the situation in washington, simon, hard to predict where the markets will end on the day. right now seeing session highs of 1.2%. as you mentioned, apple shares providing a nice lift to the nasdaq. recent note from topeka capital, an insatiable appetite in hong kong and china for the ipad mini. some of the bullish commentary notes. facebook shares also up 2.6%. upgrading the stock from sell to buy, writing that facebook has ad spending from large brands. interestingly enough, look the at as in dab 100 just for q4, facebook made that list. other stocks on the list include yahoo! virgin media and green mountain coffee. sue, back over to you. >> thank you, seema. >>> we are waiti
but strong data out of china on manufacturing. we have a 5% gain year to date in copper. copper higher but logging losses for the year. platinum losing more than 10%. simon, back to you. >> thank you, jackie. behind the headlines we are doing very well at nasdaq. out performance there own likes of apple seema mody, up 3.5%. >> absolutely. apple shares definitely helping nasdaq given the fluidity of the situation in washington, simon, hard to predict where the markets will end on the...
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Dec 31, 2012
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china is the second-largest economy in the world. and definitely not a fiscal cliff there. but today's activity i thought was amazing when you consider there's still so much left undone and as john just said, everything he said was tax, tax, tax. >> amazing like a head scratcher? >> yeah. i get the fact we had five straight down days and we were oversold. i don't think you get a solution that rallies this market 2% tomorrow, even if it's everything everybody wanted to hear. >> right, the fact of the matter is, they may agree on taxes but taxes across the board pretty much are going higher and there's still the debt limit issue and then the spending cuts issue. >> that's the thing. you nailed it. the debt ceiling conversation is going to be a weapon of force and it's something that's going to be hanging over this market. i heard nothing about entitlements. a house that wasn't even going to vote for boehner's plan b, which was $1 million in terms of the tax increases. i'm a little skeptical and i'm more worried about what happens from here. >> i think tim hit it right on the
china is the second-largest economy in the world. and definitely not a fiscal cliff there. but today's activity i thought was amazing when you consider there's still so much left undone and as john just said, everything he said was tax, tax, tax. >> amazing like a head scratcher? >> yeah. i get the fact we had five straight down days and we were oversold. i don't think you get a solution that rallies this market 2% tomorrow, even if it's everything everybody wanted to hear. >>...
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Dec 20, 2012
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then you also have china that we talked about. i thinks that really what's going on in under lying market. >> bill ackman is laying out his short case against herbal life. >> are we into hour two and a half now? >> we're well into hour three. >> ackman is back up as it were. >> it not terribly unusual for ackman. there's a lot of history about looking at what is a pyramid scheme, et cetera. the up shot that herbalife is a pyramid scream and should be treated like one. here's how ackman speaking about an hour ago described it. >> i believe herballife products general dili do what they say they're going to do. the problem is you're commodities. but key to all of these of these games is deception. you have to skrons unwitting participants this is really an attractive opportunity. >> not a great quality of video but you do see him speaking of hits own words. and it was ackman and it would have his associates who walked through this thesis in great detail. sold at a deep discount, making claims about its sales figures tough to believe
then you also have china that we talked about. i thinks that really what's going on in under lying market. >> bill ackman is laying out his short case against herbal life. >> are we into hour two and a half now? >> we're well into hour three. >> ackman is back up as it were. >> it not terribly unusual for ackman. there's a lot of history about looking at what is a pyramid scheme, et cetera. the up shot that herbalife is a pyramid scream and should be treated like...
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Dec 26, 2012
12/12
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the fact that the materials were strong indicates china is doing well and that goes along with the transportation stocks so there's a little bit better tone away from the fiscal cliff. that's where it is right now. >> what about this concept. skeptical, the idea that we're underowned in the stock market and anything -- any resolution could mean stocks. >> a lot of cash on the sidelines that will be put to work if you get a little bit of a sign of a resolution here, bill. happy new year. >> nice tie, but i'm always saying that to you. we're going to the mid-point of the range, dow down 22 points. that's the first hour of the "closing bell." stand by now for hour number two. >> and welcome back, to the "closing bell." i'm mandy drury sitting in for maria bartiromo. it is the end of another trading day, and, no, we do not have a fix for the fiscal cliff. guess what, the numbers also reflect that. let's take a look at how a day on wall street, looks like the dow is down marginally, 24 points to the downside and the nasdaq off by the biggest percentage loss, down by 22 points and the s&p 500 is down b
the fact that the materials were strong indicates china is doing well and that goes along with the transportation stocks so there's a little bit better tone away from the fiscal cliff. that's where it is right now. >> what about this concept. skeptical, the idea that we're underowned in the stock market and anything -- any resolution could mean stocks. >> a lot of cash on the sidelines that will be put to work if you get a little bit of a sign of a resolution here, bill. happy new...
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Dec 12, 2012
12/12
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. >> fxi, china on the long side. >> that does it for us. catch the documentary tonight, behind closed doors at mariott, start at okay. >>> "halftime" is over. second half of the trading day starts now. >> absolutely. spend the night in a hotel with scott walker tonight at 9:00. ats he froo free. fed leaving interest rates the same but that's not the news. there is a new bond buying program and making an historic move keeping interest rates down low so long as unemployment rates stays above 6.5%. tying the rate it an economic trigger. an date. fed chief bernanke gearing up in about an hour's time. apple moving into your living room. yes, sir. tech tightian reportedly closer to testing several tv set designs. will it be the game-changer that so many have been waiting on? and you heard it here on cnbc. j.p. morgan's jamie dimon. taking about the fiscal cliff. do they expect a deal? their take on what happens if we do go over. my partner sue at the new york stock exchange. my partner sue with big interviewes this hour. >> that's right, ty. i sp
. >> fxi, china on the long side. >> that does it for us. catch the documentary tonight, behind closed doors at mariott, start at okay. >>> "halftime" is over. second half of the trading day starts now. >> absolutely. spend the night in a hotel with scott walker tonight at 9:00. ats he froo free. fed leaving interest rates the same but that's not the news. there is a new bond buying program and making an historic move keeping interest rates down low so long...
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Dec 19, 2012
12/12
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you can read more on cnbc.com, and it is entitled, china's credit crunch. sue? reuters did an examination of 50 of them and found a vast majority of them did not explain what the money would be invested in, actually. unbelievable. >> thanks, michelle. a story that will continue to unfold. we appreciate it. ty, over to you. >> sue, the real estate market is on the come back in the united states. the market specifically for $10 million plus homes has more than doubled in some elite communities. our wealth editor robert frank has a very good job. with the look at the top three zip codes in the nation with the sales of mega mansions. i can't wait to hear. >> i call it the return of the eight-digit home. the sales of homes for 10 million or more. took a breather in the crisis, but they're back. a report from caldwell banker says sales of eight-digit homes have doubled in miami and other hot markets. beverly hills, ranked first in the country with 19 sold over the past year. one of those deals was a home on rocks bury drive. we see it here, sold for $14 million. list
you can read more on cnbc.com, and it is entitled, china's credit crunch. sue? reuters did an examination of 50 of them and found a vast majority of them did not explain what the money would be invested in, actually. unbelievable. >> thanks, michelle. a story that will continue to unfold. we appreciate it. ty, over to you. >> sue, the real estate market is on the come back in the united states. the market specifically for $10 million plus homes has more than doubled in some elite...
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Dec 3, 2012
12/12
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america owes more than $16 trillion to debtors like china and that number is growing by billions a day. we are spending $1 trillion a more than we take in every year. you can do the math on that and see if we didn't curb that trend. a day of reckoning will come. nearly 100% of the fight in washington has been about taxes and if we should be raising rates or getting revenue by limiting deductions for that same group. the president has dug in his heels on this issue. treasury secretary timothy geithner making it clear this weekend there will be no deal if rates do not go higher. i don't understand this insistence. if you want to get $100 from me do you care where i get it from? no. you just want your money and the white house is ready and willing to let america go over the cliff over the way the so-called wealthy pay more. something does not make sense here to me. something else makes less sense, namely that we are spending so much time and energy on the tax issue. if we are serious about cutting our deficit we must be having a frank discussion about medicare. the white house and gop hav
america owes more than $16 trillion to debtors like china and that number is growing by billions a day. we are spending $1 trillion a more than we take in every year. you can do the math on that and see if we didn't curb that trend. a day of reckoning will come. nearly 100% of the fight in washington has been about taxes and if we should be raising rates or getting revenue by limiting deductions for that same group. the president has dug in his heels on this issue. treasury secretary timothy...
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Dec 24, 2012
12/12
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people talk about china, middle east. i tell you, latin-america positive for us. we will continue to expand into that part of the world. and we talk about return on investment capital, it has been good for us. >> you look at a place like brazil, similar mentality as america as their sentiment is skyrocketing. >> true and there are great airlines. when you look at the largest airline, copa in panama, these are some really solid airlines. there are good things happening in latin-america. >> talk to us about pricing. survey from price line.com show air fairs are 4% higher this december compared to december 2011. is that true at jetblue? this s this a function of less capacity or are more people flying. >> i would share with price line that the inflation adjuster is down 14%. air fares are still a good bargain. we won't talk about forward pricing into 2013. when you talk capacity, gdp, cost cost of oil, everything goes into what drives pricing but i think price line is looking at the last year. let's look to 2000. airlines are still a good bargain. >> as a business ex
people talk about china, middle east. i tell you, latin-america positive for us. we will continue to expand into that part of the world. and we talk about return on investment capital, it has been good for us. >> you look at a place like brazil, similar mentality as america as their sentiment is skyrocketing. >> true and there are great airlines. when you look at the largest airline, copa in panama, these are some really solid airlines. there are good things happening in...
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Dec 26, 2012
12/12
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you could do it, if you lived in china. once again, america's proof we are falling behind in infrastructure. thanks for watching "street signs." i'll send it to "closing bell." >> and hello again, everybody. welcome to the "closing bell." i'm mandy drury sitting in for maria bartiromo. happy boxing day as well. >> christmas is over but mandy has been celebrating boxing day all day. we didn't get any presents from lawmakers in washington yet. we're still five days away from falling off the proverbial fiscal cliff and wall street, like everybody else, is waiting for some kind of a solution here, and as you can see by today's numbers the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, frac
you could do it, if you lived in china. once again, america's proof we are falling behind in infrastructure. thanks for watching "street signs." i'll send it to "closing bell." >> and hello again, everybody. welcome to the "closing bell." i'm mandy drury sitting in for maria bartiromo. happy boxing day as well. >> christmas is over but mandy has been celebrating boxing day all day. we didn't get any presents from lawmakers in washington yet. we're still...
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Dec 26, 2012
12/12
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. >> and that was a china story, too. >> yeah, foot on the brake, hard, out of china, and that's why these coal names were so depressed. i don't think they come back, guy, but not come racing back and it's all because of the shale plays and that's why i think energy produced out of there is going to put a cap on how much of a rally we're going to see out of coal. >> how about jcpenney? anybody willing to take a bet? we had an analyst on "squawk on the street" on monday who visited stores over the weekend, said, you know what, the traffic was good. they went back to their promotion always and brought people back in. >> until there's an actual turn in the data, i don't care what a store looks like on a tuesday. i can't invest based on that. when we look at the data, technically, the stock's been acting a little better. there's a ton of shorts in this thing, though. that's hard to go by and there's just not turn yet. i'd rather buy the thing higher when there's some sense that the business has stabilized. i don't want to buy it here where we really have no idea when these metrics bottom
. >> and that was a china story, too. >> yeah, foot on the brake, hard, out of china, and that's why these coal names were so depressed. i don't think they come back, guy, but not come racing back and it's all because of the shale plays and that's why i think energy produced out of there is going to put a cap on how much of a rally we're going to see out of coal. >> how about jcpenney? anybody willing to take a bet? we had an analyst on "squawk on the street" on...
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Dec 28, 2012
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it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency powers under taft hartley to prevent a strike. president bush did that back about ten years ago. while a strike will cause major disruptions, there are alternatives for transporting goods, rail and also air are options, but of course those options are not cheap. >> back in november, our members started putting contingency plans into place. the options were either divert containers to west coast ports, bring merchandise in earlier, use canada or mexico, or use air freight. but all of those come at a significant cost as well. >> now, the deadline is 12:01 tomorrow night.
it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency...
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Dec 21, 2012
12/12
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we think broadly of markets like china and brazil. these are markets that started to increase monetary easing. that have started to restructure their economies and certainly we think china has avoided very nicely a hard landing and will be back for growth track next year. >> talk to me about getting yield. that what everybody want right now. how are you doing it? high yield or investment grade securities or where? >> we are underweighted and they don't provide much of a yield these days. they are on high yield and we've had a barn burner of the year with high yield. we still think you can get high digit returns in 2013. and we are looking at global infrastructure in real estate as providing a nice sustainable yield for investors. >> the big debate down here for the past couple of days after the fed made its announcement is whether or not that will prick the bond bubble. where whether we are in a bond bubble or whether there was a bond bubble. where do you stand on that? >> it's interesting. when i think after bubble, i think of someth
we think broadly of markets like china and brazil. these are markets that started to increase monetary easing. that have started to restructure their economies and certainly we think china has avoided very nicely a hard landing and will be back for growth track next year. >> talk to me about getting yield. that what everybody want right now. how are you doing it? high yield or investment grade securities or where? >> we are underweighted and they don't provide much of a yield these...
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Dec 28, 2012
12/12
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all of those things lead us to be believers in the china story. on europe we've been early and big believers in the draghi road map. yes they're in a mild recession. we think they come out of it in the second half. >> which is why i'm going more toward the second half. >> but the debt markets, the sovereign credit markets we think remain stable. and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence next year. >> let's say your focus is more on the united states right? if you're buying stocks, you believe your thesis that we're going to get to 1550 at a minimum consumer discretionary is tops on your list the second best performing sector this year behind financials. you think that continues to work why? >> we've seen profit taking on the cliff but by the same token this is an area that has the most to gain if we get a cliff deal and that is our base case. we also like industrials. there we don't think the china recovery and the better tone in europe are fully priced.
all of those things lead us to be believers in the china story. on europe we've been early and big believers in the draghi road map. yes they're in a mild recession. we think they come out of it in the second half. >> which is why i'm going more toward the second half. >> but the debt markets, the sovereign credit markets we think remain stable. and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence...
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Dec 4, 2012
12/12
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china is okay. a lot of talk some institutional people might begin selling at this point because certainly retail investors in the u.s. are definitely buying the gold through the gld right now. the fiscal cliff very quickly here because the general consensus outlines of a deal out there. i know it doesn't sound that way. they're far apart. blah-blah. here is the idea. elements are emerging, folks, higher tax rates. nobody down here doesn't think there isn't going to be. if it's not 39% for the top 2%, it'll be 38%. some kind of compromise in the a area. the bad news and i've said this several times, the era of american austerity is beginning now and everybody is starting to realize that. the question is what's it going to look like? the good news is it's likely to be a gentle austerity, if i can say that, in 2013 and probably 2014 depending on the spending cuts. and there will be some cushion. the fed likely will continue its q/e program. they'll likely continue that during their meeting on december
china is okay. a lot of talk some institutional people might begin selling at this point because certainly retail investors in the u.s. are definitely buying the gold through the gld right now. the fiscal cliff very quickly here because the general consensus outlines of a deal out there. i know it doesn't sound that way. they're far apart. blah-blah. here is the idea. elements are emerging, folks, higher tax rates. nobody down here doesn't think there isn't going to be. if it's not 39% for the...
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Dec 31, 2012
12/12
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fascinating to see china hit a few weeks post leadership changes, first time this year the markets had more than 10% rally there. and the signs of europe's issues being if not resolved, certainly more minimized in terms of stress. so i think we're going tothz a lot clearer signs of powerful rallies coming from the rest of the world in 2013 which will make it somewhat different than 2012 and to some extent the previous two years, as well. >> joe is down in washington wauchg all of this first hand and i know he has a question for you, as well, jim. >> feeling all the different things coming in. >> that must be a real challenge for you being down in d.c. how did you get that straw? >> yeah, it is. i can take it for about 24 hours. i am feeling a lot of what's happening. and in the last 2 1/2 years or so, the poisoned atmosphere down here just to try and do anything is becoming really apparent. we put the sequester because it was so hard to try and do anything last time to force us, now we're not really inclined to do it again. my question, even if we do get a deal, a lot of the extra tax
fascinating to see china hit a few weeks post leadership changes, first time this year the markets had more than 10% rally there. and the signs of europe's issues being if not resolved, certainly more minimized in terms of stress. so i think we're going tothz a lot clearer signs of powerful rallies coming from the rest of the world in 2013 which will make it somewhat different than 2012 and to some extent the previous two years, as well. >> joe is down in washington wauchg all of this...
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Dec 30, 2012
12/12
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lot of good public health things beg done and the rest of the world that is dominateing, india and china, but in the 60's they ssed the market economies are good and they grow their economies and they are catching up. todaen we land, 2010, tse are the countries that borro money theichest when they have their problems. >> in my mind this raises two questions, or two amazing results from this. there have been thousands of years of human history and everyone was stuck on the lower left for thousands of years, it has been 200 years that you have all of this activity and how comeome countries are still stuck? >> it is easy to understand. the best message today is that most of thefrican countries are now in fast economic growth. they have correctedthe wrong market ideas they had 20 years ago, and they have a much better education than, -- and tanzania is similar to thailand in 1972 and soon we will see african countries doing good. >> this is wonderful. our problems are solved w know wh works and we will be rich. >>guest: no, we ha this problem with t billion human beings in poverty. i did mos
lot of good public health things beg done and the rest of the world that is dominateing, india and china, but in the 60's they ssed the market economies are good and they grow their economies and they are catching up. todaen we land, 2010, tse are the countries that borro money theichest when they have their problems. >> in my mind this raises two questions, or two amazing results from this. there have been thousands of years of human history and everyone was stuck on the lower left for...
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Dec 28, 2012
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. >>> as countless americans spend time with relatives this holiday season, consider a new law in china on family matters. it says those with aging parents must visit them, and often. just how often, it doesn't say. but according to the state media, parents who feel neglected by their children will be able to take them to court. >>> and a viral video has launched a kicker from norway to internet fame and beyond. 28-year-old hobart lugland has a crazy accurate left foot. his stunt kicks are so much fun to watch, he snagged more than 1 million youtube hits. he also has the attention of the nfl here at home, earning himself a tryout with the new york jets. good luck to him. >>> and we're back in a moment with our "making a difference" report. a new generation preserving a rich musical tradition. okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my mother was so wrong about you. next, we get priority boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm
. >>> as countless americans spend time with relatives this holiday season, consider a new law in china on family matters. it says those with aging parents must visit them, and often. just how often, it doesn't say. but according to the state media, parents who feel neglected by their children will be able to take them to court. >>> and a viral video has launched a kicker from norway to internet fame and beyond. 28-year-old hobart lugland has a crazy accurate left foot. his...
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Dec 17, 2012
12/12
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you mentioned the copper, the china plays. the comments. the caterpillars of the world. >> remember when ets, used to buy the actual commodity, i don't know how much, but i do see there's a lot of things that tell me that it indicates maybe we reverse. i don't like big up monday openings. i feel like they often tend to fool people. the empire was not good. it's mixed here. it's just definitively mixed. we're thirsty for those earnings. oracle could be big. ge analysts' meetings could be big. >> it is expected to give guidance for 2013. there's a 2:00 p.m. eastern time conference call, i believe, associated with that. so we may be learning some things in terms of at least our expectations next year from ge. increased its dividend last week, that not that long ago during the financial crisis was cut. rather substantially. over the last year, ge capital has begun paying a dividend yet again to its parent ge. and so it will be interesting to hear. we should point out ge still owns 49% as well as universal. >> ge made a major move. into oil and
you mentioned the copper, the china plays. the comments. the caterpillars of the world. >> remember when ets, used to buy the actual commodity, i don't know how much, but i do see there's a lot of things that tell me that it indicates maybe we reverse. i don't like big up monday openings. i feel like they often tend to fool people. the empire was not good. it's mixed here. it's just definitively mixed. we're thirsty for those earnings. oracle could be big. ge analysts' meetings could be...
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Dec 21, 2012
12/12
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the problem with china, china just went from head wind to tail wind. that's a great research company. research emotion, we decided was not worth selling or shorting. is it something to write home about? it's not bad. what matters is the tone of the market is much better than the tone out of washington. like i said, there's always ait. right here on "mad money." i'm jim cramer and i'll see you tomorrow. >>> good evening, everyone. i'm larry kudlow. so a crucial moment for our economy and for our right to bear arms. high drama on capitol hill right now as house republican speaker john boehner looks to pass his plan b fiscal cliff bill in a million dollar tax threshold. votes aren't there yet. that's why we are following this live through the whole thing this evening. >>> and as the president's new anti-gun violence task force starts work, we learn that now outside experts have yet joined that panel. meanwhile, the debate on gun control rages across the country. tonight we will hear from outspoken tv host piers morgan and former new york mayor rudolph giu
the problem with china, china just went from head wind to tail wind. that's a great research company. research emotion, we decided was not worth selling or shorting. is it something to write home about? it's not bad. what matters is the tone of the market is much better than the tone out of washington. like i said, there's always ait. right here on "mad money." i'm jim cramer and i'll see you tomorrow. >>> good evening, everyone. i'm larry kudlow. so a crucial moment for our...
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Dec 10, 2012
12/12
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people say, how do we compete with china? we can have the entire world at our disposal and start businesses. then we have to focus on tax and the corporate tax reform to get a system that is simpler and makes it easier for businesses to compete in the world. that will be enormous. there is an infrastructure investment that needs to be made. this is important with the budget deal going forward. we have to think about what our values are. we can spend money on infrastructure to make investments in the future rather than having short-term spending. support for basic research and for higher education, as drew talked about. tell us what is and we can plan around it with respect to health care costs and energy costs. then it businesses can create a renaissance of american competitiveness. >> i think that is a brilliant agenda. i don't think that has changed. let's assume we go through the fiscal cliff. immigration, investments. you are not going to do a dream act. it.had a chance to do w george bush, john mccain. maybe the republic
people say, how do we compete with china? we can have the entire world at our disposal and start businesses. then we have to focus on tax and the corporate tax reform to get a system that is simpler and makes it easier for businesses to compete in the world. that will be enormous. there is an infrastructure investment that needs to be made. this is important with the budget deal going forward. we have to think about what our values are. we can spend money on infrastructure to make investments...
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70
Dec 28, 2012
12/12
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FBC
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eye 70
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lot of good public health things being done and the rest of the world that is dominateing india and china, but in the 60's they missed. the market economies are good and they grow their economies and they are catching up. today when we land, 2010, these are the countries that borrow money to the richest when they have their problems. >> in my mind this raises two questions, or two amazing results from this. there have been thousands of years of human history and everyone was stuck on the lower left for thousands of years, it has been 200 years that you have all of this activity and how come some countries are still stuck? >> it is easy to understand. the best message today is that most of the african cntries are now in fast economic growth. they have corrected the wrong market ideas they had 20 years ago, and they have a much better education than, -- and tanzania is similar to thailand in 1972 and soon we will see african countries doing good. this is wonderful. our problems are solved w know what works and we will be rich. >>guest: no, we have this problem with two billion human beings
lot of good public health things being done and the rest of the world that is dominateing india and china, but in the 60's they missed. the market economies are good and they grow their economies and they are catching up. today when we land, 2010, these are the countries that borrow money to the richest when they have their problems. >> in my mind this raises two questions, or two amazing results from this. there have been thousands of years of human history and everyone was stuck on the...
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Dec 28, 2012
12/12
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got my mba from the university of miami and many peopl from all ports of the world, india, europe, china, who wanted to stay here after they graduated and work on their companies, create new start-ups, but they were unable to do so because after you graduate you get a job with an existing company or you leave and for many them that was not a good option and they left and took their ideas and companies with them. >> so th get their fancy education here and go back to indian or somewhere else. >>guest: w would like to stem the tide and keep them closer, and bring them back to the united states so they can create new job and new companies. >> if they worked for a company they could have stayed? >>guest: if you get sponsored by a large corporation you can get the prop visas to work in the country but you cannot self sponsor and you cannot be here and create your own start-ups without going through some pret significant legal work. >> to build this big ship where people live cost as lot of money and peop are actually giving you money fo this? >>guest: theface book funder and creator of pay pa
got my mba from the university of miami and many peopl from all ports of the world, india, europe, china, who wanted to stay here after they graduated and work on their companies, create new start-ups, but they were unable to do so because after you graduate you get a job with an existing company or you leave and for many them that was not a good option and they left and took their ideas and companies with them. >> so th get their fancy education here and go back to indian or somewhere...
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Dec 14, 2012
12/12
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the china news is good. i like a and r. i like the cole names. the one beaten down has the most up side. >> simon. >> in video the table chip. >>> j.j. >> in the financial sector it's like a boxer that gets beat up day after day after day, it never goes down. with that being said, goldman sachs is a financial stock. >> what do you make of this argument that santolli was making, pete. you can get a sell on the news event if you get a deal on the fiscal krif. it's counter intuitive. >> if that were to happen, i agree with josh. i don't know that i see that in front of us. if that were to happen, i think that present a great opportunity. i look at the financials. goldman sachs, i look at all the financials. jpmorgan, goldman sachs, i like them. >> i totally get what mike's saying. it's an interesting thing to consider. it's definitely possible of course. my inclination would be a 1,000 point dow rally. there's so much pent up fear and skepticism. with that out of the way in addition to what the feds told us, which is low rates until we're dead, i ca
the china news is good. i like a and r. i like the cole names. the one beaten down has the most up side. >> simon. >> in video the table chip. >>> j.j. >> in the financial sector it's like a boxer that gets beat up day after day after day, it never goes down. with that being said, goldman sachs is a financial stock. >> what do you make of this argument that santolli was making, pete. you can get a sell on the news event if you get a deal on the fiscal krif. it's...
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Dec 18, 2012
12/12
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you've been to china a lot in recent week. we keep trying to make sense of the data that comes in from china overnight. some of the industrial production numbers. >> remember, we have 16 businesses in china. i spent a lot of my time over there and we've got a great asian presence overall. so what are we seeing? one, exports are slowing and dramatic to europe. that's a structural fen phenomena. the second major market is real estate and my assumption is that they don't want real estate to go up too much and they can't have it go down too much because it will hurt the bank. so we're in a holding pattern. they are looking to liberalize the overall economy. you've seen the stock market rally. that's based on the assumption that growth is stabilizing and, more importantly, i think the new administration is going to try to do liberalize and the message is, don't expect us to lower rates to try to reduce growth. that's what they did in the past that created bubbles and issues. i think what they are going to try to quietly do is stabi
you've been to china a lot in recent week. we keep trying to make sense of the data that comes in from china overnight. some of the industrial production numbers. >> remember, we have 16 businesses in china. i spent a lot of my time over there and we've got a great asian presence overall. so what are we seeing? one, exports are slowing and dramatic to europe. that's a structural fen phenomena. the second major market is real estate and my assumption is that they don't want real estate to...
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Dec 24, 2012
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recession, they were saying, china hard landing. so when some of these things didn't happen, all we needed last year, this year, was less bad in the market. i think in 2013, we're going to need to see better economic growth as the year moves forward. because, as you say, the market is reasonably valued. but it's not cheap. and i think to jason's earlier point, there are some stocks out there that are very, very attractive. but there are some stocks that look fairly expensive, and those are the ones that are the defensive, and high-income plays today. >> chris, everyone's waiting for this asset allocation shift away from fixed income, towards equities. the retail investor, for whatever reason, for a variety of reasons that we can all list, i guess, has just been very hesitant to do that. when does that happen? and does that happen in 2013? >> well, you would think it should, given where we have a start in yields, especially on treasuries. but almost across the board in fixed income the starting yields are very unattractive depending
recession, they were saying, china hard landing. so when some of these things didn't happen, all we needed last year, this year, was less bad in the market. i think in 2013, we're going to need to see better economic growth as the year moves forward. because, as you say, the market is reasonably valued. but it's not cheap. and i think to jason's earlier point, there are some stocks out there that are very, very attractive. but there are some stocks that look fairly expensive, and those are the...
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Dec 10, 2012
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numbers came out saturday for china. i think italy has been remarkably good. so this was a big game changer. italy had been a part of the good story of european recovery. now it's back. >> all to monti was never intended to be there for the long term. >> sure. >> in fact, he may be leaving a month earlier than originally planned. this should not be a surprise in the larger context. while we may mention berlusconi's name right now, he's not expected to win. >> look, we knew that monti was successful. >> it may be whoever follows him is going to roll some of the gains that he's had. so-called gains. >> that's going to cause ripples here. look, on saturday night, i said, we're going to have a nice opening. china's good, people know that monti is not really going to hurt italy. i think if china continues the momentum, but the number -- >> the ex sports were less than expected in the month of november. which is a concern. then there's this perverse glass half full, that some data comes in lower, it might fuel the case for sti
numbers came out saturday for china. i think italy has been remarkably good. so this was a big game changer. italy had been a part of the good story of european recovery. now it's back. >> all to monti was never intended to be there for the long term. >> sure. >> in fact, he may be leaving a month earlier than originally planned. this should not be a surprise in the larger context. while we may mention berlusconi's name right now, he's not expected to win. >> look, we...